FNRttC - could it be a club?

[dellzeqq]

...but it's not getting better. The Cycle Activity Providers Insurance recommended by Butterworth Spengler is £80 per individual, or £50 if that individual is a CTC member. (Say) 18 regular TECs/Wayfinders.....£900. And there'd be no room for improvisation, which is to say I couldn't ask somebody who isn't covered to be a TEC.

Ho-hum!

 

[GrumpyGregry]

You need a broker who can take it - a detailed explanation of what you want to achieve and need - to a specialist underwriter at Lloyds.

 

[dellzeqq]

Hence the conversations with Butterworh Spengler.

But their broker's take on it was instructive. Basically insuring cycle events, clubs, what have you is (his words) 'Alice in Wonderland' stuff. Nobody actually has any idea - they just go on the claims record, and, since that is so devoid of pattern, they augment that with gut instinct.

They're pretty much the sole provider. Do you think it would be worth going elsewhere? I think we're just a hundred times too small to be of interest, but if you think it's worth asking around I'd really welcome some advice.

 

[StuAff]

Hence the conversations with Butterworh Spengler.

But their broker's take on it was instructive. Basically insuring cycle events, clubs, what have you is (his words) 'Alice in Wonderland' stuff. Nobody actually has any idea - they just go on the claims record, and, since that is so devoid of pattern, they augment that with gut instinct.

They're pretty much the sole provider. Do you think it would be worth going elsewhere? I think we're just a hundred times too small to be of interest, but if you think it's worth asking around I'd really welcome some advice.

Sportives have insurance- the blurb on UK Cycling Events' website (organisers of the Wiggle Super Series) says "All riders are covered by third party insurance for the duration of the event. The cost of this is included in your entry fee. In additional UK Cycling events is covered for civil party liability."
Might be worth dropping them (and/or a counterpart or two) a line, seeing who they use, what the criteria are...?
Phone number's 01243 379250, contact form on their web site, or direct line for head honcho Martin Barden: martin@ukcyclingevents.co.uk

 

[GrumpyGregry]

Hence the conversations with Butterworh Spengler.

But their broker's take on it was instructive. Basically insuring cycle events, clubs, what have you is (his words) 'Alice in Wonderland' stuff. Nobody actually has any idea - they just go on the claims record, and, since that is so devoid of pattern, they augment that with gut instinct.

They're pretty much the sole provider. Do you think it would be worth going elsewhere? I think we're just a hundred times too small to be of interest, but if you think it's worth asking around I'd really welcome some advice.

Most of my contacts were on the underwriting side of business but I'll ask around. Underwriters will often (usually) negotiate if the broker is keen enough when the guts give a STUPID premium. It's like builders you see, if they don't want the business, and the broker isn't owed a favour, they just give an expensive quote.

 

[dellzeqq]

Sportives have insurance- the blurb on UK Cycling Events' website (organisers of the Wiggle Super Series) says "All riders are covered by third party insurance for the duration of the event. The cost of this is included in your entry fee. In additional UK Cycling events is covered for civil party liability."
Might be worth dropping them (and/or a counterpart or two) a line, seeing who they use, what the criteria are...?
Phone number's 01243 379250, contact form on their web site, or direct line for head honcho Martin Barden: martin@ukcyclingevents.co.uk

that's BC's events insurance which has a flat rate of £60 per 100 riders - although Wiggle have a tie-in with BC so they probably get a better rate. That doesn't sound like a great deal of money (it probably translates in to collecting a quid a ride from all the participants), and it's not something I've entirely written off, but, at risk of sounding both precious and lazy I don't want to bring that kind of money in to the ride, and I don't want to be dealing with it.

Greg - any help would be appreciated.

 

[StuAff]

that's BC's events insurance which has a flat rate of £60 per 100 riders - although Wiggle have a tie-in with BC so they probably get a better rate. That doesn't sound like a great deal of money (it probably translates in to collecting a quid a ride from all the participants), and it's not something I've entirely written off, but, at risk of sounding both precious and lazy I don't want to bring that kind of money in to the ride, and I don't want to be dealing with it.

Fair enough.

 

[GrumpyGregry]

Greg - any help would be appreciated.

you've got pm

 

[GrumpyGregry]

Just get someone with panniers to carry the sack of pound coins.

begining of the job spec for the club treasurer

 

[Andrij]

I think the fastest riders should be rewarded with the job of carrying much coinage.

*said safe in the knowledge there are a dozen or two riders ahead of me*

 

[GrumpyGregry]

And chief mechanic?

what use would the cheif mechanic have for a stack of pound coins, unless it was beer o'clock ;-)

 

[Flying Dodo]

Just get someone with panniers to carry the sack of pound coins.

or a rucksack..........

 

[dellzeqq]

we are inching forward. I've had word from Butterworth Spengler.

I’ve just referred this to a colleague of mine who deals with the CTC. She stated that the Club who be covered for Organisers Liability and that the members would be covered under their own CTC membership for their participation in the ride even if they stopped to help a fellow rider etc.

So - if the TECs are CTC members they are ok. Deep sigh of relief. I just need to check that this holds good with affiliated club members, but I'm sure that it will

So - the current choices are

a) start up affiliate club and ask all non-CTC members to join the CTC through the Club. Club membership £1 and an additional £12 for non-members to the CTC. We're allowed five non-members on the ride, and those five places would be for LCC or BC members. From my point of view this is a decent deal because it will cost Susie and I just £24.
b) schlep along to the Lambeth LCC meet on Tuesday and ask if we can become a Lambeth CC ride, which will cost Susie and I our LCC membership fees (less than the CTC membership that has just run out), but maybe cost nothing for the rest of you - although I would probably still want everybody to have third party, and I would still set up a club if it helped people get third party for only £12.

BC events insurance is looking a distant third on account of the cost. I've spoken to a broker recommended by GC, and he was very interested, and he may well come up with something.

 

[StuAff]

we are inching forward. I've had word from Butterworth Spengler.

I’ve just referred this to a colleague of mine who deals with the CTC. She stated that the Club who be covered for Organisers Liability and that the members would be covered under their own CTC membership for their participation in the ride even if they stopped to help a fellow rider etc.

So - if the TECs are CTC members they are ok. Deep sigh of relief. I just need to check that this holds good with affiliated club members, but I'm sure that it will

So - the current choices are

a) start up affiliate club and ask all non-CTC members to join the CTC through the Club. Club membership £1 and an additional £12 for non-members to the CTC. We're allowed five non-members on the ride, and those five places would be for LCC or BC members. From my point of view this is a decent deal because it will cost Susie and I just £24.
b) schlep along to the Lambeth LCC meet on Tuesday and ask if we can become a Lambeth CC ride, which will cost Susie and I our LCC membership fees (less than the CTC membership that has just run out), but maybe cost nothing for the rest of you - although I would probably still want everybody to have third party, and I would still set up a club if it helped people get third party for only £12.

BC events insurance is looking a distant third on account of the cost. I've spoken to a broker recommended by GC, and he was very interested, and he may well come up with something.

Hurrah! Good positive news. And if CTC membership is required to ensure cover for TECs etc (unlikely, but...), happy to do so.

 

[dellzeqq]

and confirmation that affiliated members are covered. Excellent!

And I'm in such a good mood that I'll gladly accept that 'The Fridays' was a bit of a silly name for a club. Any ideas?